Average Securities, Commodities, and Financial Services Sales Agents Salary in Rochester, NY
Securities, Commodities, and Financial Services Sales Agents in Rochester, NY, earn an average annual salary of $97,590. This figure is notably below the national average of $110,380, suggesting that local market dynamics, industry concentration, and potentially regional demand play a significant role in compensation levels within this specific metropolitan area.
Executive Summary
- Average Salary: $97,590 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,730.
- Outlook: With a local workforce of 970 professionals in this field, Rochester, NY, presents a moderately sized market for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 0.64 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market may not be as saturated as in other regions, potentially offering a stable environment for skilled professionals.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Rochester, NY earns-11.6%below the national average.
$46.9
$1,877
$8,133
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Rochester is not provided, it is generally observed that roles within the financial services sector, including Securities, Commodities, and Financial Services Sales Agents, have experienced consistent salary growth over the past four years, driven by market fluctuations, increased demand for financial advice, and evolving regulatory landscapes. This upward trend is likely reflected in the Rochester market as well, albeit potentially at a different pace than the national average.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Rochester, NY
Career progression for Securities, Commodities, and Financial Services Sales Agents is typically marked by significant salary increases with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with a proven track record and specialized knowledge can command salaries well above the $97,590 mark. The percentile gaps in salary distribution clearly signify the substantial earning potential that comes with advancing through the ranks and acquiring expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,950 | $22.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $73,193 | $35.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $80,060 | $38.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $121,988 | $58.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $164,730 | $79.2 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$97,590
Gross Pay
Real Wage (Purchasing Power)
$97,590
Adjusted for COL (100)
The average annual salary of $97,590 in Rochester, NY, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the salary in Rochester is equivalent to the national average, offering a balanced financial landscape where the nominal income effectively translates to a comparable standard of living as elsewhere in the country.
Job Market Context
970
Total Jobs
1.972
Per 1K Jobs
0.64
Location Quotient
Rochester, NY has 0.64x the national average concentration of Securities, Commodities, and Financial Services Sales Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.64 for Securities, Commodities, and Financial Services Sales Agents in Rochester, NY, signifies that this profession is less concentrated locally than the national average. This suggests that while the job market is present, it is not a primary hub for this specific industry, meaning there may be fewer competing professionals but also potentially fewer specialized opportunities compared to more concentrated areas.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Buffalo-Cheektowaga, NY Securities, Commodities, and Financial Services Sales Agents Salary | $105,650↑ 8% | 65 mi |
| Syracuse, NY Securities, Commodities, and Financial Services Sales Agents Salary | $107,640↑ 10% | 75 mi |
| Ithaca, NY Securities, Commodities, and Financial Services Sales Agents Salary | $96,660↓ 1% | 75 mi |
| Elmira, NY Securities, Commodities, and Financial Services Sales Agents Salary | $124,440↑ 28% | 85 mi |
Comparing salaries near Rochester, NY
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Rochester, NY?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Rochester, NY is $97,590. This typically ranges from $46,950 for entry-level positions to $164,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, NY is 11.6% lower than the national median of $110,380.
Is Rochester, NY a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not as lucrative as the national average.While the average salary of $97,590 is substantial, it falls below the national average of $110,380, indicating less lucrative compensation compared to the broader U.S. market.
Is Rochester, NY a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Rochester, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, NY?
Some top paying nearby cities include Buffalo-Cheektowaga, NY ($105,650) and Syracuse, NY.
How does Rochester's cost of living compare to the national average?
Rochester, NY, has a cost of living index of 100, which is exactly the national average, meaning expenses for goods and services are comparable to the rest of the United States.
What is the concentration of Securities, Commodities, and Financial Services Sales Agents in Rochester?
The concentration, measured by the Location Quotient, is 0.64, indicating that this profession is less common in Rochester compared to the national average.
How many Securities, Commodities, and Financial Services Sales Agents work in Rochester?
There are approximately 970 professionals employed as Securities, Commodities, and Financial Services Sales Agents in the Rochester, NY area.
Are there many job openings for this role in Rochester?
With 1.972 jobs per 1,000 workers, the number of openings is moderate, reflecting the local workforce size and concentration relative to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Rochester, NY area with a job density of 1.972 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Rochester, NY